Episode 41 - The Biggest Mistake Newbie Investors Make, Investing Without An Emergency Fund

An emergency fund doesn’t have to burn a hole in your wallet if you know what it is, and how it can work for you without earning a huge return. Many successful investors get the feeling that their cash is “burning a hole in their wallet.” After all, that cash could be earning a return. Using up that “cash burning a hole in your wallet” so it “earns a return” is the real estate investor’s constant dilemma. Today we are going to talk about how much of an emergency fund you should have personally. We will discuss how much capital you should plan on for your first short term rental investment. And we will discuss what an emergency fund should look like for your portfolio before you begin putting money into you own pocket as a return on your investment. As always, thank you for listening and being the best part of this show. Vodyssey was formed to introduce you to the proven processes in Acquisition, Management & Marketing of your Lifestyle Assets. Lifestyle Assets are more than just short-term vacation rentals. Learn how you can build a portfolio of Lifestyle Assets that provide Lifestyle & Financial Freedom for you and your family. For more content and expert advise, visit www.Vodyssey.com